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Arlo Technologies Non-GAAP EPS of $0.01 beats by $0.04, revenue of $124.75M beats by $11.33M

May 10, 2022 4:34 PM ETArlo Technologies, Inc. (ARLO) StockBy: Pranav Ghumatkar, SA News Editor3 Comments
  • Arlo Technologies press release (NYSE:ARLO): Q1 Non-GAAP EPS of $0.01 beats by $0.04.
  • Revenue of $124.75M (+51.1% Y/Y) beats by $11.33M.
  • Exceeded $100 million of ARR, ending Q1 at $101 million, growing 74% year over year.
  • Record GAAP gross profit of $33.6 million, record non-GAAP gross profit of $34.5 million.
  • GAAP gross margin of 26.9%; non-GAAP gross margin of 27.6%.
  • Q2 2022 Outlook: Revenue of $105.0 million to $115.0 million.
  • GAAP net loss per diluted share of $(0.19) to $(0.14), and non-GAAP net loss per diluted share of $(0.08) to $(0.03).
  • Shares +15.73%.

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